Akamai Technologies (AKAM) Q2 FY2026 earnings: revenue $1.1 billion, up 5.4% on the year

Akamai Technologies Inc. (AKAM) reported revenue of $1.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.4% on the same quarter a year earlier. Net income was $79 million, down 23.4% on the year, and diluted earnings per share $0.52. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue

$1.1 billion

+5.4% on the year · +2.4% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

7.3%

14.5% a year earlier

Q3 FY2024Q2 FY2026

Net income

$79 million

-23.4% on the year · -25.3% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$0.52

-26.8% on the year · -26.8% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 1 lowered, 2 narrowed, 5 new.

Revenue rose 5% to $1.1 billion: Revenue was $1.100 billion, up 5% from $1.043 billion a year earlier and up 5% adjusted for foreign exchange, compared with $1.074 billion in the first quarter.
Cloud infrastructure revenue grew 39%: Cloud infrastructure services revenue grew 39%, the same rate adjusted for foreign exchange, after 40% growth in the first quarter and 30% a year earlier.
Multi-year CIS contracts exceed $2.8 billion: Year to date, the company signed numerous customers to multi-year CIS contracts, collectively worth over $2.8 billion.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,100	1,074	1,043	+2.4%	+5.4%
Cost of revenue	486	471	427	+3.1%	+13.9%
Gross profit	614	602	617	+1.9%	-0.5%
Gross margin	55.8%	56.1%	59.1%
Research and development	149	142	126	+5.1%	+18.3%
Operating income	80.3	114	151	-29.9%	-47.0%
Operating margin	7.3%	10.7%	14.5%
Interest expense	9.1	8.3	8.2	+9.9%	+10.7%
Pre-tax income	100	122	152	-18.0%	-34.2%
Income tax	20.6	15.7	48.3	+31.5%	-57.3%
Effective tax rate	20.6%	12.9%	31.8%
Net income	79.4	106	104	-25.3%	-23.4%
Net margin	7.2%	9.9%	9.9%
Diluted EPS	$0.52	$0.71	$0.71	-26.8%	-26.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	326	313	459	+4.4%	-28.9%
Capital expenditure	145	102	146	+42.5%	-0.4%
Free cash flow	181	211	314	-14.0%	-42.2%
Free cash flow margin	16.5%	19.6%	30.1%
Cash from investing	-2,254	-319	-683
Cash from financing	2,777	-292	-41.2
Depreciation and amortisation	186	184	175	+1.0%	+5.7%
Share-based compensation	146	129	113	+13.7%	+29.7%
Buybacks	410	206	300	+99.1%	+36.6%
Diluted shares, weighted	154m	150m	145m	+2.4%	+5.8%
Shares outstanding at period end	144m	146m	143m	-1.3%	+0.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	4,749	4,909	4,468	-3.3%	+6.3%
Debt	7,563	4,108	4,101	+84.1%	+84.4%
Operating lease liabilities	1,406	1,391	899	+1.1%	+56.4%
Other liabilities	1,356	1,238	1,069	+9.5%	+26.9%
Total liabilities and equity	15,073	11,646	10,536	+29.4%	+43.1%
Goodwill	3,203	3,203	3,170	-0.0%	+1.0%
Intangible assets	564	589	675	-4.3%	-16.4%
Investments	3,136	1,111	708	+182.3%	+343.2%
Cash and equivalents	1,480	622	850	+137.8%	+74.1%
Receivables	953	881	779	+8.2%	+22.4%
Other assets	5,737	5,239	4,354	+9.5%	+31.8%
Total assets	15,073	11,646	10,536	+29.4%	+43.1%

Questions

What was Akamai Technologies' revenue in Q2 FY2026?

Akamai Technologies (AKAM) reported revenue of $1.1 billion for Q2 FY2026, the quarter ended 30 June 2026, up 5.4% on the same quarter a year earlier.

How much did Akamai Technologies earn in Q2 FY2026?

Net income for Q2 FY2026 was $79 million, down 23.4% on the year, and diluted earnings per share $0.52.

When did Akamai Technologies report Q2 FY2026 results?

Akamai Technologies filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 7 August 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	905	904	903	882	928	916	936	965	995	987	980	1,005	1,020	1,015	1,043	1,055	1,095	1,074	1,100	1,122
Cost of revenue	325	333	347	346	358	361	373	383	393	395	403	409	414	419	427	430	453	471	486	505
Gross profit	580	571	557	535	570	554	562	582	602	592	577	596	606	596	617	625	642	602	614	617
Gross margin	64%	63%	62%	61%	61%	61%	60%	60%	60%	60%	59%	59%	59%	59%	59%	59%	59%	56%	56%	55%
R&D	93.2	99.9	92.1	94.0	105	91.9	99.0	106	109	117	113	120	120	124	126	125	139	142	149	141
Operating income	196	173	175	160	167	127	150	176	185	167	148	70.6	148	155	151	166	94.9	114	80.3	109
Operating margin	22%	19%	19%	18%	18%	14%	16%	18%	19%	17%	15%	7%	15%	15%	15%	16%	9%	11%	7%	10%
Interest expense	18.3	2.7	2.9	2.8	2.7	2.7	3.2	5.0	6.9	6.8	6.8	6.7	6.7	6.8	8.2	7.9	7.9	8.3	9.1	10.6
Pre-tax income	181	161	171	158	168	127	150	179	196	188	167	73.8	158	173	152	173	104	122	100	138
Tax rate	11%	12%	19%	22%	24%	23%	14%	11%	18%	7%	21%	22%	12%	29%	32%	19%	18%	13%	21%	15%
Net income	161	133	138	124	129	97.1	129	161	161	175	132	57.9	140	123	104	140	85.1	106	79.4	117
Net margin	18%	15%	15%	14%	14%	11%	14%	17%	16%	18%	13%	6%	14%	12%	10%	13%	8%	10%	7%	10%
Diluted EPS	$0.97	$0.82	$0.85	$0.78	$0.82	$0.62	$0.84	$1.04	$1.03	$1.11	$0.86	$0.38	$0.91	$0.82	$0.71	$0.97	$0.58	$0.71	$0.52	$0.77
Operating cash flow	387	222	341	369	341	233	366	359	389	352	431	393	344	251	459	442	367	313	326	433
Capital expenditure	63.8	51.0	74.2	50.8	65.2	142	112	134	70.4	93.8	91.0	113	92.9	118	146	113	132	102	145	515
Free cash flow	323	171	267	318	276	91.8	254	226	319	258	340	280	251	133	314	329	235	211	181	-81.9
Buybacks	271	103	165	163	178	349	137	113	54.9	125	128	166	138	500	300	0.0	0.0	206	410	0.0
Shares outstanding	161m	161m	159m	158m	156m	153m	152m	151m	151m	152m	152m	151m	150m	146m	143m	144m	145m	146m	144m	144m
Filing	10-K	10-K	10-K	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 7 August 2026: the filing.